Nippon India BSE Sensex Next 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Nippon India BSE Sensex Next 30 Index Fund Direct Growth Plan has a NAV of ₹10.6648 as of 15 Sep 2026 and an AUM of ₹88 Cr. Its 1-year, 3-year and 5-year returns are 4.86%, 0% and 0%, and the scheme carries a High Risk label. Our view is that the fund suits investors who can accept sharp short-term swings in pursuit of diversified large-cap style exposure, but the return record is still short and uneven.
The fund is an index strategy with a low expense ratio of 0.2%. It can work as a satellite allocation for investors who want a rules-based equity exposure and can tolerate periods when returns trail the benchmark.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.6648 as of 15 Sep 2026 |
| AUM | ₹88 Cr |
| Expense Ratio | 0.2% |
| Launch Date | 10 Jun 2025 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Himanshu Mange |
The fund is managed by Himanshu Mange.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -5.22% | -4.81% |
| 3M | -1.49% | -3.63% |
| 1Y | 4.86% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Recent performance has been uneven. The 1-month return is weak, but the fund has recovered some ground over 3 months and stayed ahead of the benchmark over 1 year. That pattern suggests the portfolio has had periods of pressure, but it has also shown the ability to rebound when the market environment turns more supportive.
The benchmark comparison is important here. Over 1 year, the fund is meaningfully ahead of the benchmark, while over 1 month it is slightly behind. That tells us the short-term path has not been smooth, even though the broader 12-month outcome is better than the benchmark.
Because the fund was launched in June 2025, there is no 3-year or 5-year track record yet. So our assessment rests mainly on the short operating history and the recent return pattern, not on a long compounding record. Investors should treat it as a newer index option whose behaviour still needs time to settle into a fuller history.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Nippon India BSE Sensex Next 30 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Nippon India BSE Sensex Next 30 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Nippon India BSE Sensex Next 30 Index Fund Direct Growth Plan | 4.86% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return trails the stronger peer figures in this set by a wide margin, although it still sits comfortably ahead of several peers with available 1-year numbers. Longer-horizon peer data is limited because several schemes in the comparison set do not have 3-year or 5-year figures. Where longer data is available, this fund does not yet have a comparable 3-year or 5-year history, so the short-term comparison and the long-term comparison point in different directions.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Shriram Finance Limited | Finance | 7.12% |
| Hindalco Industries Limited | Non – Ferrous Metals | 5.47% |
| Bajaj Auto Limited | Automobile & Ancillaries | 4.81% |
| Grasim Industries Limited | Diversified | 4.65% |
| JSW Steel Limited | Iron & Steel | 4.56% |
| Divi’S Laboratories Limited | Healthcare | 4.41% |
| Eicher Motors Limited | Automobile & Ancillaries | 4.09% |
| Nestle India Limited | FMCG | 3.93% |
| TVS Motor Company Limited | Automobile & Ancillaries | 3.77% |
| Adani Enterprises Limited | Trading | 3.67% |
The top 10 holdings account for approximately 46.48% of the portfolio.
To see all holdings, visit the Nippon India BSE Sensex Next 30 Index Fund Direct Growth Plan page
This is not a very concentrated top slice for an equity index fund, but the largest holding still matters. Shriram Finance Limited alone carries a 7.12% weight, so it is likely to have a greater influence on the scheme’s day-to-day movement than any of the smaller names in the list.
Weight then steps down fairly steadily from the first holding to the tenth, from 7.12% to 3.67%. That does not look like a portfolio dominated by one or two outsized positions, yet the top names still carry enough weight to shape outcomes if they move together.
With 30 disclosed holdings and 46.48% in the top 10, the fund appears to combine a meaningful core of larger positions with a longer tail beyond the table. That structure may help diversify idiosyncratic stock risk, while still leaving the portfolio sensitive to shifts in a handful of larger holdings.
Source data date: as of 15 Sep 2026
Who should invest
This fund may suit investors who can tolerate High Risk equity exposure and short-term ups and downs. The recent return pattern is mixed, but the 1-year figure is positive and ahead of the benchmark, which may appeal to investors who want a rules-based index allocation rather than active stock selection.
The trade-off is clear: the portfolio is simple and low-cost, but the return history is still short and the benchmark comparison has not been consistently smooth over shorter windows. It fits better as a long-horizon holding for investors who are comfortable with volatility and who can wait for the scheme’s track record to build.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Nippon India BSE Sensex Next 30 Index Fund Direct Growth Plan?
The current NAV is ₹10.6648 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 4.86%, while the 3-year and 5-year returns are Data not available because the scheme does not yet have those full track records.
How has the fund performed against its benchmark?
Over 1 year, the fund has returned 4.86% versus -8.27% for the benchmark. Over 1 month, the fund has been slightly weaker than the benchmark, and over 3 months it has been less negative.
How does it compare with the peer funds listed here?
Its 1-year return is below the strongest peer figures in the list, but it is ahead of some peers with available 1-year data. Several peers also lack 3-year or 5-year figures, so the comparison is more informative on the recent period than on long-term history.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Himanshu Mange. The exit load is nil, so there is no exit load on redemption.
Bottom line
This is a newer index fund with a short history, so its longer-term story is still developing. Recent returns are mixed at the shorter end, but the 1-year figure is positive and ahead of the benchmark, while peer comparison shows a weaker recent number than the strongest comparables but not an outlier in the field. The High Risk label, low expense ratio and a portfolio spread across 30 holdings make it suitable mainly for investors who want a rules-based equity allocation and can tolerate volatility while the track record matures.
Published on 16 September 2026 at 5:16 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.